Following yesterday's surprise announcement of a settlement between Qualcomm and Apple, Qualcomm CEO Steve Mollenkopf sat down with CNBC to share a few more details about the new agreement between the two companies.

According to Mollenkopf, after "a lot of talking" both between teams and with Apple CEO Tim Cook, Apple and Qualcomm came to an agreement that "both companies like." Qualcomm and Apple are now focusing on getting new products out, such as the 5G iPhone coming in 2020 that Qualcomm will supply chips for.

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And really, if you look at the focus of that energy now, it's very much on, 'Let's get these products out.' You know, it really clears the way for, I think, a much more natural relationship between the two companies. One that we certainly enjoy working on products together. And that's what we're doing now.

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Apple and Qualcomm have established a "very broad deal" across all of Qualcomm's technologies, which Mollenkopf says is the first direct license that Qualcomm has had with Apple rather than contract manufacturers.

Each side "found something that was useful" in the deal, and according to Mollenkopf, Apple and Qualcomm "want to work together on products," as evidenced by the multiyear product deal the two signed as part of the settlement.

Part of the agreement between the two companies included a payment from Apple to Qualcomm, but Mollenkopf declined to provide further details on the size of the payment. He also refused to reveal how much Apple is paying Qualcomm per phone.

On the topic of 5G chips for future iPhones, Mollenkopf said that Qualcomm is "excited" and has the "entire team" working to support Apple. Unsurprisingly, no details were given on Apple's product plans or launch timelines for 5G connectivity.

While Apple settled with Qualcomm, Qualcomm continues to face an FTC inquiry into anticompetitive business tactics, which Mollenkopf says is still a risk to Qualcomm. He doesn't believe the Apple decision will impact what the FTC decides.

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I don't think so. I think when we look at this deal, we're just happy to be able to do it. The environment with which we were able to put the deal together is obviously right in the middle of a trial. But, you know, the court is going to make its decision.

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Mollenkopf's full interview, which includes additional details about Qualcomm's relationship with Apple and Qualcomm's goals moving forward, can be watched on CNBC's website.

It’s a win win win
Win for Apple to power their product
Win for Qualcomm in essentially guaranteed revue
Win for the consumer. Intel was later to the game and wasn’t able to provide the bit for bit quality and performance.

We need to get Steve Mollenkopf on here for AMA. People want to know if Intel suddenly dropped out of the mobile business since they were faced with impending antitrust case colluding with Apple to stifle Qualcomm and if Qualcomm/FTC will continue to pursue that.

Following yesterday's surprise announcement of a settlement between Qualcomm and Apple, Qualcomm CEO Steve Mollenkopf sat down with CNBC to share a few more details about the new agreement between the two companies.

According to Mollenkopf, after "a lot of talking" both between teams and with Apple CEO Tim Cook, Apple and Qualcomm came to an agreement that "both companies like." Qualcomm and Apple are now focusing on getting new products out, such as the 5G iPhone coming in 2020 that Qualcomm will supply chips for.

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Apple and Qualcomm have established a "very broad deal" across all of Qualcomm's technologies, which Mollenkopf says is the first direct license that Qualcomm has had with Apple rather than contract manufacturers.

Each side "found something that was useful" in the deal, and according to Mollenkopf, Apple and Qualcomm "want to work together on products," as evidenced by the multiyear product deal the two signed as part of the settlement.

Part of the agreement between the two companies included a payment from Apple to Qualcomm, but Mollenkopf declined to provide further details on the size of the payment. He also refused to reveal how much Apple is paying Qualcomm per phone.

On the topic of 5G chips for future iPhones, Mollenkopf said that Qualcomm is "excited" and has the "entire team" working to support Apple. Unsurprisingly, no details were given on Apple's product plans or launch timelines for 5G connectivity.

While Apple settled with Qualcomm, Qualcomm continues to face an FTC inquiry into anticompetitive business tactics, which Mollenkopf says is still a risk to Qualcomm. He doesn't believe the Apple decision will impact what the FTC decides.Mollenkopf's full interview, which includes additional details about Qualcomm's relationship with Apple and Qualcomm's goals moving forward, can be watched on CNBC's website.

I wouldn't get comfortable if I were Mollenkopf. Apple has learned a lesson from this. They're not going to rely on third parties who own a virtual monopoly on a major part — certainly not on one as hostile as Qualcomm. Apple isn't going to stop developing their own modem. They'll order from Qualcomm for as long as they need them but then kick them to the curb. Qualcomm better think of diversifying because their modem won't be needed for that much longer.

Apple has learned that Tim Cook made things worse by shifting away from fair dual sourcing of both Qualcomm and Intel that has worked for years to manipulation that backfired with unintended consequence of creating a monopoly. Fire Tim Cook.

This deal pretty much solidifies the fact that apple will have its own  designed modem six years from now. After this debacle, it's not like the two companies are buddy buddy again, more like a cease fire. If anyone thinks that Apple isn't now going to double down on in-house modem design to some day break free from QC, think again.

Maybe Intel will sell their IP to Apple since they are exiting that arena. That would likely help give Apple a boost.

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Help me understand this. Intel couldn't make their own IP successful. How would Apple get a boost from IP that the creators couldn't make work? The only value I can think of is a blueprint for what not to do.

It would seem to me to be like some company buying the AirPower IP to get a boost.

Help me understand this. Intel couldn't make their own IP successful. How would Apple get a boost from IP that the creators couldn't make work? The only value I can think of is a blueprint for what not to do.

It would seem to me to be like some company buying the AirPower IP to get a boost.

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IP includes patents. Just because they couldn't get the actual chip to work on time doesn't mean the patents aren't valuable.

Help me understand this. Intel couldn't make their own IP successful. How would Apple get a boost from IP that the creators couldn't make work? The only value I can think of is a blueprint for what not to do.

It would seem to me to be like some company buying the AirPower IP to get a boost.

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The patents would be worthwhile, and the problem may have been a fab problem and not a design problem - perhaps apple could take the netlist and port to TSMC, for example.

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